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PVH CORP. /DE/ — Director's Dealing 2011
Apr 11, 2011
31157_dirs_2011-04-11_83462db3-b3d1-4586-9810-3b81fe4b7111.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2011-04-07
Reporting Person: ONNINK LUDOVICUS RUDOLPH (COO of Tommy Hilfiger)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-04-07 | Common Stock, $1 par value | A | 3232 | — | Acquired | 6628 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-04-07 | Option (Right to Buy) | $64.97 | A | 8300 | Acquired | 2021-04-07 | Common Stock, $1 par value (8300) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $1 par value | 282608 | Indirect |
Footnotes
F1: Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (808 shares) on the second anniversary of grant, 25% (808 shares) on the third anniversary of grant and 50% (1,616 shares) on the fourth anniversary of grant. Vested shares will are delivered as soon as practicable after they vest.
F2: Mr. Onnink indirectly beneficially owns these shares of Common Stock by virtue of interests Mr. Onnink holds in Elmira 5 B.V. Previously, 34,118 of these shares were reported as shares over which Mr. Onnink had voting rights but were otherwise indirectly beneficially owned by Stichting Lety (a foundation, the beneficiaries of which are Mr. Onnink's children) by virtue of Stichting Lety's ownership of interests in Elmira 5 B.V. Mr. Onnink acquired his children's interests in Elmira 5 B.V. The aggregate number of shares of Common Stock beneficially owned by Elmira 5 B.V. is 1,941,738 shares.
F3: The shares of Common Stock reported on this row are held in escrow pursuant to escrow arrangements whereby a portion of such shares may be forfeited to satisfy indemnity or purchase price adjustment payments made to Issuer, or because certain time vesting conditions are not met.
F4: All options exercisable for shares of Issuer's Common Stock, $1 par value.
F5: Options to acquire 2,075 shares become exercisable on each of 4/7/2012, 4/7/2013, 4/7/2014 and 4/7/2015.
F6: Represents shares of Common Stock subject to awards of restricted stock units.